Firmin Property Consultant Fees and Charges in England

Permitted charges in accordance with the Tenant Fee Act 2019 for ASSURED PERIODIC TENANCIES 

HOLDING DEPOSIT

One week’s rent, payable on an accepted offer and credited to your rent account at the start of the tenancy.

DEPOSIT (RENT UNDER £50,000 P.A.)

Equivalent to 5 weeks’ rent.

DEPOSIT (RENT £50,000+ P.A.)

Equivalent to 6 weeks’ rent.

RENT

Payable as per the Tenancy Agreement and subject to referencing.

CHANGING THE TENANCY DOCUMENTS (after the commencement of the tenancy) - £50 inc. VAT.

SDLT (STAMP DUTY LAND TAX)

If the total rent paid over the tenancy (including extensions) exceeds £125,000, the tenant is responsible for SDLT.

COSTS DURING A TENANCY

Unless otherwise agreed, the tenant pays utilities (gas, electricity, water, sewage), council tax, TV licence, internet and telephone, subscription to cable/satellite supplier, insurance (for your personal and own contents), garden maintenance, parking permits.

EARLY TERMINATION REQUESTED BY TENANT - A charge not exceeding the financial loss experienced by the landlord.

LATE RENT - Interest charged at 3% above Bank of England base rate, when rent is more than 14 days late.

LOST KEY OR SECURITY DEVICE - Equivalent to cost incurred.

NON-HOUSING ACT TENANCIES (NHA) 

A Non Housing Act Tenancy is formed when one of the following criteria is in place:

The annual rent exceeds £100,000.

The property is occupied by an entity (Company let) rather that an individual.

The property is not used as a main or primary home.

There is a Resident Landlord.

COSTS DURING A TENANCY

Unless otherwise agreed, the tenant pays utilities (gas, electricity, water, sewage), council tax, TV licence, internet and telephone, subscription to cable/satellite supplier, insurance (for your personal and own contents), garden maintenance, parking permits

REFERENCE CHECKS

£50 inc VAT per person / £60 inc VAT per company.

TENANCY AGREEMENT

£300 inc VAT (additional charges may apply for changes before signing).

EXTENSION/RENEWAL DOCUMENTATION

£180 inc VAT.

CHECK-OUT REPORT

Varies based on the size and contents of the property and will be determined by the inventory clerk.

SDLT (STAMP DUTY LAND TAX)

If the total rent paid over the tenancy (including extensions) exceeds £125,000, the tenant is responsible for SDLT.

VARIATION OR SURRENDER OF A TENANCY

Subject to landlord consent; price will vary depending on the situation.

LATE RENT - Interest charged at 3% above Bank of England base rate, when rent is more than 14 days late.

LOST KEY OR SECURITY DEVICE - Equivalent to cost incurred.

Please note: The Initial Monies will be confirmed and must be paid by debit card or bank transfer. We are unable to accept cash.

Firmin Property Consultants are a member of Propertymark and your monies are covered by the Propertymark Client Money Protection Scheme and we are a member of a redress scheme provided by The Property Ombudsman